GM's car joint venture slumps again
New-car sales at General Motors’ passenger vehicle joint venture with SAIC Motor Co. fell in July after stabilizing the previous month, as overall vehicle demand in China remains weak.
July deliveries at SAIC-GM, which builds and markets Cadillac, Buick and Chevrolet cars and light trucks, fell 18 percent to 111,567, according to SAIC, a Shanghai-listed company.
Coastal provinces and major inland cities in China on July 1 adopted tougher emissions rules, and SAIC-GM’s dealerships offered steep discounts in June to pare inventories of vehicles that fell short of the new standards.
As a result, June sales at the partnership were virtually unchanged from a year earlier.
But deliveries at SAIC-GM-Wuling, GM’s light-vehicle joint venture with SAIC, continue to slide, slipping 16 percent to 110,691 in July after dropping 36 percent in June.
SAIC-GM-Wuling produces and distributes cars under the entry-level Baojun brand and minibuses for the Wuling marque.
In the first seven months, sales at SAIC-GM dropped 13 percent to 945,646 while deliveries at SAIC-GM-Wuling plummeted 28 percent to 853,212.
Coastal provinces and major inland cities in China on July 1 adopted tougher emissions rules, and SAIC-GM’s dealerships offered steep discounts in June to pare inventories of vehicles that fell short of the new standards.
As a result, June sales at the partnership were virtually unchanged from a year earlier.
But deliveries at SAIC-GM-Wuling, GM’s light-vehicle joint venture with SAIC, continue to slide, slipping 16 percent to 110,691 in July after dropping 36 percent in June.
SAIC-GM-Wuling produces and distributes cars under the entry-level Baojun brand and minibuses for the Wuling marque.
In the first seven months, sales at SAIC-GM dropped 13 percent to 945,646 while deliveries at SAIC-GM-Wuling plummeted 28 percent to 853,212.
